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Dilweg Seeks Plan for Bond Insurers

By

Lavonne Kuykendall

Updated Oct. 17, 2008 3:12 p.m. ET

CHICAGO -- As the biggest bond insurers struggle with their subprime exposure, a key insurance regulator said he will meet Tuesday in New York with regulators and insurers to formulate a plan to help the insurers recover.

For less money than it has already promised to big banks, the Treasury Department could "stabilize" bond insurers and help them recover, said Sean Dilweg, Wisconsin's insurance commissioner, and chief regulator for both Ambac Financial Group Inc. and mortgage insurer MGIC Investment Corp.